Job Type






Senior Quantitative Risk Analyst, Group ALM, Finance, Dublin

Allied Irish Bank

Allied Irish Bank Dublin Ireland

1 month ago

Role Title : Senior Quantitative Risk Analyst, Group ALM, Finance

Location : Hybrid working, which will include a blend of onsite (Dublin) and remote working.

At AIB Finance we are looking for talented, energetic and motivated individuals.
• Are you an experienced quantitative analyst who is seeking to progress in their career?
• Are you interested in developing mathematical tools to help us to back our customers and ensure the success and stability of the bank?
• Would you like to work as part of a team whose ambition is to become a world class Finance function and exceptional at developing talent?

Who are we?

We’re AIB. A strong Irish bank packed with purpose - to back our customers to achieve their dreams and ambitions. We want to be at the heart of our customers’ financial lives by giving them an exceptional experience.

We are building a culture that breaks the conventions of what our customer and employees expect of a bank. Sustainability is a core tenet of our strategy and... we are leading the way in climate finance in Ireland and we pledge to DO MORE.

Why join our team?

We’re made up of small teams where you have the chance to shine. We view inclusion & diversity, wellbeing and ongoing learning & development as key enablers, that help our business to grow and deliver AIB’s strategic and financial objectives.

Our values, purpose and standards set the conditions for us to respect the outstanding contribution each person brings and what’s more we have generous pension and leave entitlements.

What you will be doing?

Within Group ALM, the Financial Risk Model Development team are responsible for :

Model Development and BAU management Fair value model development for treasury transactions (e.g. derivatives). This includes associated model Sensitivities, XVA, VAR and Counterparty exposure measurement.

In addition, related standardised regulatory capital requirements such as FRTB and SACCR.
• Model Development and BAU management for the bank’s asset / liability retail balance sheet. Delivery of associated risk metrics such as Net Interest Income, Earnings at Risk and Embedded Value of Equity.
• Model Development and management of stress testing risk models such as ICAAP, Capital at Risk and Liquidity Risk. This includes Climate Risk Models.
• Continuous development and delivery of both core and non-core systems for all measurement requirements.

A vacancy now exists within the team at senior analyst level on a permanent basis. The financial risk model development team is a first line function, reporting to the Head of Group ALM within the Finance area.

Key accountabilities include :
• Use mathematical techniques and data analysis to develop, specify and implement models that support the quantification of the bank’s valuation measurements and its exposure to market, balance-sheet and liquidity risks,
• Engage with stakeholders to ensure that model developments meet business needs while complying with internal controls and regulatory requirements,
• Provide clear and comprehensive documentation in support of models and model-related processes,
• Challenge existing ways of doing things to improve processes related to data-acquisition, model design and the tracking of model-performance,
• Actively seek opportunities to learn from other team members and to grow within the role.

Does this sound like something that you want to be part of?

You will need to show us that you can / have :
• Relevant third level or postgraduate qualification in an analytical discipline (e.g. mathematics, physics, statistics, engineering, econometrics, actuarial science, computer science),
• Practical coding experience (R or Python an advantage), advanced Excel & VBA required, knowledge of SQL also advantageous,
• At least 3 years’ experience within the Financial Services industry in a quantitative role in which you have demonstrated excellent analytic and problem-solving skills in areas such as market risk, counterparty credit risk, derivative pricing, balance sheet risk & liquidity risk.

Candidates with fewer years’ experience will be considered if they have advanced degrees,
• Experience of core risk systems for treasury or balance sheet risk measurement would be advantageous,
• Excellent oral and written communication skills with an ability to convey complex concepts to both technical and non-technical audiences,
• An ability to work both independently and collaboratively,
• A focus on growth and improvement combined with a desire to learn, share and contribute

If you feel you have what it takes, click apply and fill in the online application form. If you would like more information or have any special requirements or needs that would support you during the recruitment process then please contact the Talent Acquisition Team at careers

By when? Closing date is Thursday 11th May 2023
Dublin Ireland

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